Fortunately, we did not see bond markets react too drastically over last week’s inflation report revealing prices at the consumer level have increased 7 percent, outpacing wage increases. You’d have to go back 30-40 years to see inflation at these levels! And, we’re expecting it to continue at least for the next couple of months
Interested to know what’s expected for the new year in terms of real estate and mortgage rates? Me too! I’ve been reading up on what the experts I respect see happening in the new year and one foundational theme I’m seeing is that we could see some shifting and changing in housing and mortgages in
Last week while many of us were playing hooky and taking some time off for summer vacation combined with the Fourth of July holiday, the bond market was working overtime and rates rose more than they have since March of this year. Now, don’t get me wrong, rates are still great but they did trend
Since my last post in mid-March we’ve seen some interesting developments in the mortgage market, namely that since the Fed raised its key interest rate, mortgage rates actually improved some, dropping to the lowest levels all month. It was certainly a nice gift! Let’s recap what’s been happening. So, back on March 15th the Federal
This Wednesday, on March 15th, the Federal Reserve Board (‘The Fed’) will meet, and all signs point to them voting in favor of raising the Fed Funds Rate, a key interest rate. What does this mean for you? First, remember that they don’t literally raise mortgage rates but their actions affect the direction of stock and
